The Curve layer has served its purpose .
Hit Ctrl-D to deselect the curve shape.
Select the Curve layer from the Layers pallet and then delete it.
Off to bit heaven..
Remove the Grid now too.
This next part is optional but I think it helps bring the logo to
life a bit.
Drag the Red layer to the new layer button in the Layers pallet to
copy it.
Ctrl-Left mouse click the Red copy layer to put a selection around
it.
From the menu Select>Modify>Contract.
Choose 2 pixels click Ok.
From the menu Select>Feather or. Alt-Ctrl-D.
Choose Radius 1 pixel.
From the menu Filter>Render>Difference Clouds.
Ugh, what the heck is that. Don't worry it will look great.
Set the Blending mode to Multiply from the drop down menu on the Layers
Pallet.
Move the Fill Slider to 30 percent.
See image.

That looks better.
Deselect the selection by hitting Ctrl-D.
Click on the Red Copy Layer.
Merge Down.
From the menu Layer>Merge Down or Ctrl-E.
Lets do that for the Blue layer now.
Drag the Blue layer to the new layer button in the Layers pallet
to copy it.
Ctrl-Left mouse click the Blue copy layer to put a selection around
it.
From the menu Select>Modify>Contract.
Choose 2 pixels click Ok.
From the menu Select>Feather or. Alt-Ctrl-D.
Choose Radius 1 pixel.
From the menu Filter>Render>Difference Clouds.
Set the Blending mode to Multiply from the drop down menu on the
Layers Pallet.
Move the Fill Slider to 30 percent.
Deselect the selection by hitting Ctrl-D.
Click on the Blue Copy Layer.
Merge Down.
From the menu Layer>Merge Down or Ctrl-E.
Now if everything went according to plan, you should have 4 layers
all together.
Red, Blue, Base, and Background.
See image.

Light reflection.
Ctrl-left click on the Red layer in the Layers pallet to put a selection
around it.
From the menu Select>Modify>Contract.
Choose 2 pixels click Ok.
Create a new layer by clicking on the new layer icon in the Layers
pallet.
Name it Reflection.
Select the Polygonal Lasso tool from the tool bar.
Up in the Options Bar click on the third icon from the left. So
you subtract from the layer.
Using the lasso start by creating a shape seen in the image.
See image.

Create the shape as seen all the way around the shape until you
get back to the point where you started.
Click on the starting point and you should get a shape as seen in
the image.
This might take some practice to get it just right. Keep trying
until you get it.
See image.

Hit G to select the Gradient tool.
On the Options bar, click on the downward facing triangle to edit
the gradient.
Choose the second gradient from the left. Foreground to Transparent.
See image.

Drag the gradient from right to left through the newly created
shape.
Give it a Guassian Blur.
From the menu, Filter>Blur>Gauassian Blur.
1 Pix. Ok. You might want to do this a few times.
See image.

Select the Red layer and then from the menu Layer>Layer Style>Bevel
and Emboss
Set the settings as seen in the image.
Depth 31.
Size 24.
Highlight Mode Opacity. 100.
See image.

The Rest is up to you. Add more light Reflections to the Red and
Blue layers and be sure to Bevel the the Blue layer. Put a white
stroke around the Base and give it a drop shadow. Don't forget the
Bubbles.